Home Depot, TJX Net Surge; Red Robin Gourmet Net Declines

Mukesh Buch
17 May, 2016
New York City

Agilent Technologies net and sales jumped. Children

[R]12:00 PM New York – Agilent Technologies net and sales jumped. Children’s Place net rose 6% on 4% increase in revenues. Home Depot lifted earnings per share outlook. Red Robin Gourmet Burgers declined 15%. TJX profit soared 6% and the retailer lifted earnings forecast.[/R]

Tollbooth Index fell 24.16 or 0.2% to 10,455.27.

Earnings Review

Agilent Technologies Inc ((A)) jumped 3.7% or $1.57 to $44.51 after the diagnostics equipment maker reported revenues in the first-quarter ending in April increased 6% from a year ago to $1.02 billion.

Net income in the quarter jumped 5% to $91 million or 28 cents per diluted share compared to $87 million or 26 cents per share from the same quarter last year.

In the third-quarter, Agilent forecasted revenue in the range of $1.03 billion to $1.05 billion and non-GAAP earnings per share between 45 cents and 47 cents.

In the fiscal year, the company estimated revenues between $4.16 billion and $4.18 billion and non-GAAP earnings per share in the range of $1.88 to $1.92.

Children’s Place Inc ((PLCE)) jumped 5.9% or $4.02 to $72.25 after the children''s specialty apparel retailer stated revenues in the first-quarter ending in April rose 3.6% from a year ago to $419.4 million.

Comparable store sales in the quarter increased 5.1%.

Net income in the quarter jumped 6% to $26 million or $1.33 per diluted share compared to $15.6 million or 73 cents per share from the same quarter last year.

The apparel retailer lifted net income per diluted share forecast in fiscal 2016 in the range of $4.17 to $4.27 from earlier estimated range between $4 and $4.10.

However, the company forecasted comparable retail sales to increase in the range of 1% to 2%.

Home Depot Inc ((HD)) slipped 1.9% or $2.59 to $132.78 after the home improvement retailer reported net sales in the first-quarter ending on May 1 jumped 9% from a year ago to $22.76 billion.

Comparable store sales in the quarter advanced 6.5%.

Net income in the quarter soared 14.2% to $1.80 billion or $1.44 per diluted share compared to $1.58 billion or $1.21 per share from the same quarter last year.

Home Depot lifted sales estimate in the fiscal 2016 to increase 6.3% and comparable sales to gain 4.9%. The company also raised its diluted earnings per share to surge 14.8% from $6.27 in a year ago.

Red Robin Gourmet Burgers, Inc ((RRGB)) tumbled 12.7% or $7.85 to $54.14 after the casual-dining restaurants operator said revenues in the first-quarter ending on April 17 rose 1.8% from a year ago to $402.1 million.

Comparable restaurant sales in the quarter decreased 2.6%.

Net income in the quarter declined 14.5% to $14.2 million or $1.03 per diluted share compared to $16.6 million or $1.16 per share from the same quarter last year.

Red Robin forecasted total revenues in 2016 to jump approx 8% and during the year.

The restaurants operator plans to open approx 25 new Red Robins and three Burger Works.

TJX Companies Inc ((TJX)) increased 1.8% or $1.35 to $76.54 after the off-price apparel and home fashions retailer reported net sales in the first-quarter ending in April surged 10% from a year ago to $7.54 billion.

Comparable store sales in the quarter soared 7%.

Net income in the quarter jumped 6% to $508.3 million or 76 cents per diluted share compared to $474.6 million or 69 cents per share from the same quarter last year.

The retailer estimated diluted earnings per share in the second-quarter between 77 cents and 79 cents from 80 cents in a year ago period.

TJX lifted full-year diluted earnings per share estimate in the range of $3.35 to $3.42 compared to $3.33 in fiscal 2016.